Trinity Industries Director David W. Biegler Sells 7,500 Shares (TRN)
Trinity Industries (NYSE:TRN) Director David W. Biegler sold 7,500 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $48.80, for a total value of $366,000.00. Following the sale, the director now directly owns 4,800 shares of the company’s stock, valued at approximately $234,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Trinity Industries (NYSE:TRN) traded up 0.58% on Wednesday, hitting $48.73. 1,572,293 shares of the company’s stock traded hands. Trinity Industries has a one year low of $20.95 and a one year high of $49.17. The stock’s 50-day moving average is $44.82 and its 200-day moving average is $39.79. The company has a market cap of $7.605 billion and a P/E ratio of 12.77.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.24. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, analysts predict that Trinity Industries will post $4.12 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of Trinity Industries in a research note on Tuesday, August 19th. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Trinity Industries from $50.00 to $53.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Trinity Industries in a research note on Monday, June 30th. They now have a $45.00 price target on the stock, down previously from $46.00. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.38.
Trinity Industries, Inc (NYSE:TRN) is a multi-industry company.
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